Bitcoin’s Course Crash as a Way to Get Rich?

Just recently, Robert Kiyosaki predicted a Bitcoin course crash to $24,000. After a setback to $28,000, BTC is now trading back at almost $35,000. Now Kiyosaki explained that Bitcoin’s course crash will still come – and smells the great opportunity for all investors.

The motto of many investors is “buy the dip, sell the rip.” Buying stocks and cryptocurrencies during a price setback is seen by many people as a cheap entry point. At the same time, many investors take advantage of the lower price to increase holdings. According to Kiyosaki, this is the time to get rich. He now predicts a long-lasting decline in the value of bitcoin.

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“The next Bitcoin price crash will be long-lasting”

Time and again, the high volatility in the crypto market shocks new investors in particular. Panic selling with large losses often follows. In a new tweet, Kiyosaki reiterates his view that the biggest crash in history is coming. However, Kiyosaki does not share why he is of this belief.

However, he says the crash is good news, for all investors who think long term. Because in his opinion, the crash represents the best opportunity to get rich. At the same time, the crash should last a very long time. He calls on people to continue buying gold, silver and bitcoin in the tweet. Thus, Kiyosaki is positive about the future of cryptocurrencies despite the suspected crash.

Kiyosaki not alone in Bitcoin’s crash prediction

Kiyosaki is not the only investor who had recently expected a strong price setback. Scott Minerd, for example, had even considered a Bitcoin price crash to as low as $15,000 possible. The Bitcoin price had come under pressure after China let stop the operation of Bitcoin mining centers in the country. Since then, the hashrate has dropped by around 50 percent.

Even positive news from Latin America – especially El Salvador and Paraguay – could not positively influence the Bitcoin price for a long time. Although the price has been settling at around $35,000 for several weeks despite high volatility, BTC is still unable to permanently break through the $40,000 mark.

On Twitter, PlanB recently even held out the prospect of a Bitcoin price increase to at least $135,000 by the end of the year. Current price setbacks are no obstacle to this.

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(Featured image by Chris Liverani via Unsplash)

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First published in CRYPTOMONDAY, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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